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Nov 29, 2012
11/12
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economy could experience a severe shock. that is if leaders in washington can't come up with a budget deal. scares of automatic spending cuts and tax increases could take effect january 1st. democrats moved by president obama and congressional republicans signaled they are willing to compromise on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good morning. the president is sending his top two negotiators to talk with lawmakers today about possible spending cuts. he's also getting ready to take his fiscal cliff message on the road. he'll try to convince the american people the best way to avoid the fiscal cliff is to extend the bush era tax cuts for the middle class. >> it's too important for washington to screw this up. >> reporter: president obama is putting pressure on congressional republicans and he's enlisting middle class americans in getting the gop to take action on taxes. >> when
economy could experience a severe shock. that is if leaders in washington can't come up with a budget deal. scares of automatic spending cuts and tax increases could take effect january 1st. democrats moved by president obama and congressional republicans signaled they are willing to compromise on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good...
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Nov 30, 2012
11/12
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FOXNEWSW
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we don't think -- we think we can find the revenue and spur the economy without raising the tax rates. >>neil: thank you and congratulations on your new prominent role in the house of representatives. good to have you. coming up on fox news sunday, chris wallace chats with house of representatives speaker boehner and talks with treasury secretary geithner. will the deal happen before the chock runs out on the 31st? chris will get to the bottom of it. the u.n. votes and the palestinians could not be happier. more ahead. hi. i'm henry winkler. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get this magnifier with l.e.d. light absolutely free. when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mort
we don't think -- we think we can find the revenue and spur the economy without raising the tax rates. >>neil: thank you and congratulations on your new prominent role in the house of representatives. good to have you. coming up on fox news sunday, chris wallace chats with house of representatives speaker boehner and talks with treasury secretary geithner. will the deal happen before the chock runs out on the 31st? chris will get to the bottom of it. the u.n. votes and the palestinians...
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Nov 30, 2012
11/12
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KTVU
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investors have a more optimistic view on the global economy. a new survey by bloomberg shows 2/3 of investors surveyed described the worldwide economy has either stable or improving. overall, they considered the global economy to be in the best shape in 18 months. when asked which countries will offer the best investing opportunities for next year, the u.s. ranked number 1 for the 8th quarter in a row. china came in second, and europe was considered the worst for returns. for those holding out hope for a second life for twinkies, ho- hos and ding-dongs, there's encouraging news. hostess says it is in talks with more than 100 interested buyers. at the same time, hostess is seeking approval in banruptcy court to pay its top executives $1.8 billion in bonuses to retain them during the year-long wind- down process. union reps are asking the judge to bring in an independent group to oversee that process. citigroup is doing some trimming this holiday season. according to reports, the big bank plans to cut 150 jobs and shrink bonuses by up to 10%. the
investors have a more optimistic view on the global economy. a new survey by bloomberg shows 2/3 of investors surveyed described the worldwide economy has either stable or improving. overall, they considered the global economy to be in the best shape in 18 months. when asked which countries will offer the best investing opportunities for next year, the u.s. ranked number 1 for the 8th quarter in a row. china came in second, and europe was considered the worst for returns. for those holding out...
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Dec 1, 2012
12/12
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CURRENT
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we immediately have to start transforming our economy to renewable energy. that's totally duible. we can run everything we have right now off existing technology from the wind and the sun and renewable energy. the second thing, it's an incredible economic benefit and economic engine to this area. there are community centers out on the rockaways that have power because greenpeace pulled up with a solar array on the back of a truck and that distributed generated energy helps people. >> eliot: it is unfortunately an event to drive home the reality of what you can do at a moment of distress when you need to find alternative energy sources. you've done that. i want to pivot a little bit. the occupy movement has morphed into something different. it's changed it's imagery and providing real services to real people. is that going to continueing transformation? is this a new cause for occupy. >> one would argue that they were a disaster organization when they were dealing with the wall street disaster. but this is a new form of politics and aid. we have such inequality in our society that
we immediately have to start transforming our economy to renewable energy. that's totally duible. we can run everything we have right now off existing technology from the wind and the sun and renewable energy. the second thing, it's an incredible economic benefit and economic engine to this area. there are community centers out on the rockaways that have power because greenpeace pulled up with a solar array on the back of a truck and that distributed generated energy helps people. >>...
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Nov 30, 2012
11/12
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KPIX
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. >> members of his own party seem quite comfortable of sending the economy over the fiscal cliff. >> reporter: the president sent timothy geithner to the hill with had $4 trillion plan. it includes 1.6 trillion in new taxes on upper income americans. 400 billion in cuts to medicare and other entitlement programs. and $50 billion in new spending on infrastructure and unemployment benefits. the biggest stumbling block remain. the new taxes on the wealthiest americans. while some republicans here in congress are hinting they might be open to the idea the majority seemed opposed. >> raising rates on the so-called rich is the holy grail of liberalism. their aim isn't job creation, they are interested in wealth distribution. >> reporter: the white house insists the president won't sign any bill that doesn't include higher taxes for top earners. >> this shouldn't be news to anyone on capitol hill. >> reporter: the white house called the proposal an opening bid, republicans called it a joke. now republicans have not yet put any comparable plan on the table. they seem willing to accept half t
. >> members of his own party seem quite comfortable of sending the economy over the fiscal cliff. >> reporter: the president sent timothy geithner to the hill with had $4 trillion plan. it includes 1.6 trillion in new taxes on upper income americans. 400 billion in cuts to medicare and other entitlement programs. and $50 billion in new spending on infrastructure and unemployment benefits. the biggest stumbling block remain. the new taxes on the wealthiest americans. while some...
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Nov 30, 2012
11/12
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it will hurt our economy. that's why it's not the right approach. >> reporter: but there are other high-end, small-business owners who do not think a tax hike of aound 3% will make much difference. >> this is a french roast-- >> joe ragan, who sells roasted coffee and supplies to thousands of offices around washington says he will add or subtract to his workforce, based on sales, not on taxes. if your taxes were to go up as the president suggests, would that make any difference in the number of people you hire? >> no. now, look-- and i'm not-- i don't want to take a position here that says i'm not affected by this. i certainly am. but i'm affected by the opportunities that are presented to me. not by the fact that i'm going to make 3% less on that opportunity. >> reporter: in the fiscal cliff negotiations, republicans still argue that higher taxes will hurt small business jobs. but, scott, democrats up here argue that this debate is over. that raising taxes on the wealthiest americans of all kinds was decisive
it will hurt our economy. that's why it's not the right approach. >> reporter: but there are other high-end, small-business owners who do not think a tax hike of aound 3% will make much difference. >> this is a french roast-- >> joe ragan, who sells roasted coffee and supplies to thousands of offices around washington says he will add or subtract to his workforce, based on sales, not on taxes. if your taxes were to go up as the president suggests, would that make any...
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Nov 29, 2012
11/12
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KRON
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economy grew at 2.7% for july through september. that is up from initial investment of 2%. this is the best third quarter performance in two years and companies spent more to build up inventories in the third quarter than originally estimated in the u.s. trade deficit. some positive news so let's see what happens on wall street when the bell rings and 15 to 20 minutes from now. >> ito's music software could launch as early as today. today is the second to last day before apples deadline for releasing new software. apple's last major overhaul of i tunes was september of 2010. >> we will take a closer look at a crime spree suspect that is just 15 years old. he is accused of robbing stores in the south bay. also your lead is weather and traffic on the kron4 morning news. a live look to the golden gate bridge it is dry on the 1 01 but his plan to get wet later on today. we will be back. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with
economy grew at 2.7% for july through september. that is up from initial investment of 2%. this is the best third quarter performance in two years and companies spent more to build up inventories in the third quarter than originally estimated in the u.s. trade deficit. some positive news so let's see what happens on wall street when the bell rings and 15 to 20 minutes from now. >> ito's music software could launch as early as today. today is the second to last day before apples deadline...
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Dec 7, 2012
12/12
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FOXNEWSW
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economy added 146,000 jobs in november above what the analysts predicted. well above. and gerri, where do we see the biggest gain? >>gerri: in retail. no surprise for holiday season. we expect add big impact from the fiscal cliff and the labor department said no, we did not but labor participation rate, look at this ugly chart the it is declining. we have the rate drop again in large part because the labor force fell by 350,000. we are watching that carefully because you want to see people work. and try to get jobs. it is critical. >>shepard: what impact did super storm sandy? >>gerri: not so much. however, there were a million people that were working part time rather than full time and that is ascribed to hurricane sandy. normally you do not expect that. >>shepard: the matters went, so what. >>gerri: well, they saw that the 350,000 number and they thought they didn't like that and the market pulled back a little. we have had back-and-forth situation on that, starting off 74 up on the dow and now we are down. >>shepard: better than negative. >>gerri: better than negat
economy added 146,000 jobs in november above what the analysts predicted. well above. and gerri, where do we see the biggest gain? >>gerri: in retail. no surprise for holiday season. we expect add big impact from the fiscal cliff and the labor department said no, we did not but labor participation rate, look at this ugly chart the it is declining. we have the rate drop again in large part because the labor force fell by 350,000. we are watching that carefully because you want to see...
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the fluctuation certainly correlates with what the economy correlates with what the economy is doing. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing louder] ♪ i'm feeling better since you knw me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of children in need. find out how it can help frontline health workers bring hope to millions of children at everybeatmatters.org. ♪ neilwe paid a lot for that. and you have to think about this. sieging dollars from bills to points, that's what congress wants to do to save cash, what are followers are having some better ideas to really cut our debt. work on something that will save money, not spend more on diculous -- ridiculous projects. stop all stimulus unds that do not help create private sector jobs are make companies more competitive globally. in foreign aid until we have money to spend, if that ever happens
the fluctuation certainly correlates with what the economy correlates with what the economy is doing. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing louder] ♪ i'm feeling better since you knw me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of children in need. find out how it can help frontline health workers bring hope...
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Dec 1, 2012
12/12
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FOXNEWSW
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it will be his economy. it will be his presidency on the line and also the country. if barak obama believes in the clinton tax cuts, let them go back into affect for the entire country and see if the country believes they are good for america. >> the president is campaign acting like he received a anytime percent man date when he only received half. what impact is this having on the psyche of the gop. >> it is affecting the psyche of the president. he's act being like he did win a huge victory . he did win a substitute victory and what happened to the republicans is, they are fearful of all of these taxes going up they are trying to a bargain in good faith to give away something and then say if you will give us something and make us look good. don't humiliate us. the democrats are humiliating the republican party in making that offer . i think their own dignity and principles and beliefs, what republicans ought to say is, we think that extending the tax cuts pay roll and bush tax cuts is good for economy and america and consistent with our principles and blives and y
it will be his economy. it will be his presidency on the line and also the country. if barak obama believes in the clinton tax cuts, let them go back into affect for the entire country and see if the country believes they are good for america. >> the president is campaign acting like he received a anytime percent man date when he only received half. what impact is this having on the psyche of the gop. >> it is affecting the psyche of the president. he's act being like he did win a...
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the fluctuation certainly correlates with what the economy is doing. neil: mocks my, baby, i'm afraid the economy is going to taint ♪ neil: we paid a lot for that. and you have to think about this. sieging dollars from bills to points, that's what congress wants to do to save cash, what are followers are having some better ideas to really cut our debt. work on something that will save money, not spend more on ridiculous -- ridiculous projects. stop all stimulus funds that do not help create private sector jobs are make companies more competitive globally. in foreign aid until we have money to spend, if that ever happens again.
the fluctuation certainly correlates with what the economy is doing. neil: mocks my, baby, i'm afraid the economy is going to taint ♪ neil: we paid a lot for that. and you have to think about this. sieging dollars from bills to points, that's what congress wants to do to save cash, what are followers are having some better ideas to really cut our debt. work on something that will save money, not spend more on ridiculous -- ridiculous projects. stop all stimulus funds that do not help create...
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an economy so bad that we are not in the mood. we have a baby booming and we are talking neil: the race is on, but instead of running, the birth rate is falling. people are not taking it slow. i am not surprised. wednesday, when you think about this? >> what is interesting is that it's not a composition and it's not a difference of childbearing age. this is a decision story. women are deciding not to have children or delaying it until later date and it makes sense given the current economic situation. in the backdrop of one of the worst economic situation since the great depression. >> we have seen a long-term decline but we did see an uptick or in the boom years. we did see were -- more women. they are saying the real unemployment is up 15% -- the one wait, wait, wai -- [talking over each other] [talking over each other] >> i think there is certainly a discussion of how it's going to be esparza's decision to. neil: area, we think about that? >> i agree with wednesday. i think the thing is -- you know, who could be in the mood now
an economy so bad that we are not in the mood. we have a baby booming and we are talking neil: the race is on, but instead of running, the birth rate is falling. people are not taking it slow. i am not surprised. wednesday, when you think about this? >> what is interesting is that it's not a composition and it's not a difference of childbearing age. this is a decision story. women are deciding not to have children or delaying it until later date and it makes sense given the current...
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Nov 30, 2012
11/12
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FBC
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what would this plant to for our economy? slowdown even more guaranteed, raise the unemployment rate, make us even more like europe. this tax, spend and borrow plan will not give america the growth we so desperately need. consider the timing. right now we have 8% unemployment, less than 3% growth and trillion dollar deficit every year. we are spending $9 billion a week in interest in the death. imposing those tax hikes now is simply bad economic policy, taking all restraints off of borrowing caused disaster. we need 5% growth. we are not going to get it like this. yet again president obama is reviewing his inner self. he is driven by a hard left ideology. take from this group, redistribute, government is everything. clearly the president is good at politics. he won the election but lousy economics. prosperity is not coming back anytime soon. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'
what would this plant to for our economy? slowdown even more guaranteed, raise the unemployment rate, make us even more like europe. this tax, spend and borrow plan will not give america the growth we so desperately need. consider the timing. right now we have 8% unemployment, less than 3% growth and trillion dollar deficit every year. we are spending $9 billion a week in interest in the death. imposing those tax hikes now is simply bad economic policy, taking all restraints off of borrowing...
SFGTV: San Francisco Government Television
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Dec 3, 2012
12/12
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SFGTV
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right now that will shape or improve the developments and resources and financial modeling and make the economy more sustainable and provide economic benefits to our people and effectively reduce greenhouse gas emissions. the way cleanpower sf has passed the board of supervisors is as opt out program and the language used in the outreach plan changes the character of the program the way the legislators envisioned it when passing cleanpower sf. we are concerned changing it in way discourages residents and more cost to the ratepayers. we hope we can take the basic structure of the document and required notifications and adjustments and also engages residents in civil discourse and community power but the lifetime of this program. thank you very much. >> thank you. i have one other card. anyone else that would like to comment please come forward. thank you. >> i am david mccord and el cerrito and the chair of the sierra club bay chapter energy subcommittee, and the bottom line is that the plan is not yet ready for approval. for one thing the staff needs to fill in the details about just how you're
right now that will shape or improve the developments and resources and financial modeling and make the economy more sustainable and provide economic benefits to our people and effectively reduce greenhouse gas emissions. the way cleanpower sf has passed the board of supervisors is as opt out program and the language used in the outreach plan changes the character of the program the way the legislators envisioned it when passing cleanpower sf. we are concerned changing it in way discourages...
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Dec 7, 2012
12/12
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MSNBCW
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i want to get to you on the economy. to the white house now, the november jobs report showed the fifth straight month of job gains, over 100,000. a jobless rate at the lowest level in four years. is it real or is it a mirage? joining me now allen krueger, chairman of the president's council of economic advisers. good morning to you. >> morning. >> obviously this was a jobs report that beat all expectations among economists that were looking and expecting a sandy impact. the labor department says no sandy impact. do you believe in the long 0 run we will look back at this report and not see a sandy impact? >> that's an interesting question, chuck. there was an impact in terms of over a million workers who normally work full time or part time in the reference week. so sandy did leave an impact in the data. but i think the report as a whole shows that the economy has been resilient, as i say every month when i'm on your show we're making progress. we're digging our way out of a deep hole. we're not satisfied yet. there's a l
i want to get to you on the economy. to the white house now, the november jobs report showed the fifth straight month of job gains, over 100,000. a jobless rate at the lowest level in four years. is it real or is it a mirage? joining me now allen krueger, chairman of the president's council of economic advisers. good morning to you. >> morning. >> obviously this was a jobs report that beat all expectations among economists that were looking and expecting a sandy impact. the labor...
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Dec 7, 2012
12/12
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KTVU
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"it's not a reflection of the strength of the economy as a whole." since january, the number of announced layoffs is actually 13% lower than it was in 2011. that's despite a dreadful january and february that saw more than 50,000 layoffs at american airlines, pepsico, j.c. penney, metlife and procter and gamble. "those are very specific company-based layoffs. they're not even sector-based." hostess brands is controlled by hedge funds that have lined up more than a hundred potential buyers for hostess brands' three dozen factories that produced lunchbox staples: twinkies, ho-hos, and ding- dongs. "it's highly problematic when hedge funds own a buisness, because the primary goal is to appease shareholders and investors." asset management firm perella weinberg partners is advising hostess brands says the bidders include five national retailers such as supermarkets. reportedly, six of the bidders have hired investment banks to help. "it would not be a surprise to see a 'white knight' come in and buy the whole thing because of its market presence." but wh
"it's not a reflection of the strength of the economy as a whole." since january, the number of announced layoffs is actually 13% lower than it was in 2011. that's despite a dreadful january and february that saw more than 50,000 layoffs at american airlines, pepsico, j.c. penney, metlife and procter and gamble. "those are very specific company-based layoffs. they're not even sector-based." hostess brands is controlled by hedge funds that have lined up more than a hundred...
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charles: the economy is scary, but this is even scarier. not the zombies, but the government spending taxpayer money on zombies the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked bblackouts. but 's our tradition! that's rouing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. what's in your wallet? hut! [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] itoesn't. stop ptending. only flood insurance covers floods. visit floodsmart.gov/pretend to learn your risk. charles: paying for security? it could make us more financially insecure. senator tom coburn saying that homeland security has spent $35 billion in grants to make america safer. but it still can't measure if we are actuall
charles: the economy is scary, but this is even scarier. not the zombies, but the government spending taxpayer money on zombies the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked bblackouts. but 's our tradition! that's rouing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your...
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Nov 29, 2012
11/12
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KTVU
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eye 140
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economy is growing at a steady pace. hiring increased in many areas. manufacturing slowed in some sections of the u.s., and hurricane sandy hampered northeast economic growth. information compilied in the fed's beige book will be considered at the fed's next meeting december 11 & 12. the dollar figure on damage caused by superstorm sandy continues to climb. new jersey governor chris christie is asking the federal government to cover nearly $37 billion in damages. fema has already handed out more $500 million in assistance. yesterday, new york governor andrew cuomo pegged sandy damage at $32 billion in his state. insurance giant allstate predicts it will lose 1 billion dollars in catastrophe costs in october, mostly due to sandy. bp is getting a slap on the wrist from the government. the enviornmental protection agency will temporarily suspend the company from opening new contracts. following the 2010 deepwater horizon spill, the epa says bp acted with a "lack of business integrity." it will not impact bp's current contracts. earlier this month, bp pled
economy is growing at a steady pace. hiring increased in many areas. manufacturing slowed in some sections of the u.s., and hurricane sandy hampered northeast economic growth. information compilied in the fed's beige book will be considered at the fed's next meeting december 11 & 12. the dollar figure on damage caused by superstorm sandy continues to climb. new jersey governor chris christie is asking the federal government to cover nearly $37 billion in damages. fema has already handed out...
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and jonas, pushing back the deadlines, what does it mean to the economy? especially if we don't know in it will be a deal in a month or a deal to do deal in another year? >> there's absolutely no good at this point in pushing along the current system and waiting to fix it later. yeah, no one wants higher taxes, but we're not in a dp reception rightnow. we absolutely are going to die if things start to change and in fact, the underlying real problem, the growing deficit on the path to greece, the goalets worse once we kick the can away. that will be the overriding probleming not the slowing economy not people spending money, but sure, that might not happen in the first two months, but it will eventually happen if we keep kicking down the can. we want to prove to the world that we have a solution and if it takes a few months to get there and higher taxes for a while, big deal, we will get there. that's got to be the plan not just the same nonsense. >> yeah, but larry, that's part of your point, but jonas says we're not in a bad recession, we're certainly not
and jonas, pushing back the deadlines, what does it mean to the economy? especially if we don't know in it will be a deal in a month or a deal to do deal in another year? >> there's absolutely no good at this point in pushing along the current system and waiting to fix it later. yeah, no one wants higher taxes, but we're not in a dp reception rightnow. we absolutely are going to die if things start to change and in fact, the underlying real problem, the growing deficit on the path to...
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Dec 7, 2012
12/12
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WUSA
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what is it that's transformed and built the economy? federal contracts. from 1980 through 2009, federal contracting in northern virginia increased from $1.7 billion to $38.5 billion, but there's worry the bottom could fall out. >> government contractors would stop doing business in fairfax county because there
what is it that's transformed and built the economy? federal contracts. from 1980 through 2009, federal contracting in northern virginia increased from $1.7 billion to $38.5 billion, but there's worry the bottom could fall out. >> government contractors would stop doing business in fairfax county because there
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the fluctuation certainlyly correlates with what the economy correlates with what the economy is doig. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, builng blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving t pain quickly. try fast, long lasting gavisc
the fluctuation certainlyly correlates with what the economy correlates with what the economy is doig. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, builng blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes...
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Dec 1, 2012
12/12
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MSNBCW
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they have struggled with the economy in recent years. they said they don't expect their lives will change that much. but they said, christmas just got a whole lot better. alex, back to you. >> i love this story. i could hear you go on and on. can't wait to find out the confirmation of the second one. thank you so much, tom. >>> so, what would you do with your powerball winnings? you can all talk to me at twitter, my handle is @alexwitt. i'll be reading some of your tweets throughout the day. let's go back to washington now, though, and little apparent progress on the so-called fiscal cliff talks. actually that's putting it mildly. it appears both sides may be digging in their heels. joining me now, congressional reporter for the washington "post" ed o'keefe and washington reporter for the hill, amie parnes. amie let's get with the president's proposal first. it includes $1.6 trillion tax hikes over ten years, that's raising rates on the top 2%, making over $250,000. now this proposal also calls for $50 billion in immediate stimulus, and
they have struggled with the economy in recent years. they said they don't expect their lives will change that much. but they said, christmas just got a whole lot better. alex, back to you. >> i love this story. i could hear you go on and on. can't wait to find out the confirmation of the second one. thank you so much, tom. >>> so, what would you do with your powerball winnings? you can all talk to me at twitter, my handle is @alexwitt. i'll be reading some of your tweets...
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Dec 6, 2012
12/12
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WUSA
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researchers say the weak economy in the united states is what's causing the decline. >>> busy signals, dropped calls, all too familiar afor instances for people -- aannounces for people who use 911. but one congressman is blaming verizon wireless for the problems. >> jerry connolly described a subpar 911 system run by verizon. now he wants the federal communications system to help fix it. ken molestina tells us how. >> i guess i would give it a d. >> reporter: virginia congressman jerry connolly is slamming verizon wireless. they're contracted to route 911 calls throughout much of the washington area. according to him, they've fallen short. >> the whole purpose of having 911 is when you need it, it works. >> reporter: he cites recent weather events that have knocked out the systems as examples of where they've failed. during the 2010-2011 winter, several storms interrupted 911 service. more recently this summer's derecho did the same thing. >> the catastrophic failure that occurred at the time of the derecho is not an isolated incident. there have been a number of 911 outages. >> repo
researchers say the weak economy in the united states is what's causing the decline. >>> busy signals, dropped calls, all too familiar afor instances for people -- aannounces for people who use 911. but one congressman is blaming verizon wireless for the problems. >> jerry connolly described a subpar 911 system run by verizon. now he wants the federal communications system to help fix it. ken molestina tells us how. >> i guess i would give it a d. >> reporter:...
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Dec 4, 2012
12/12
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we got mixed reports on the economy. tom just talked about that weak data showing businesses contracting. and we're also getting warnings on weak corporate profits. so doesn't this give you pause about buying in this market right now? >> i think, i just got back from two weeks in europe speaking to portfolio managers in seven different countries. they are profoundly underinvestmented in the u.s. the endowment funds in this country are profoundly underinvested in u.s. equities. a lot of portfolio managers are hoping equities go down as measured by the s&p so their underperformance doesn't look as bad. if the market doesn't go down here i think they will be forced to chase not end of the year. >> susie: uh-huh. beyond stocks, give us your thoughts on bonds, on gold, and other commodities. >> i think gold is in a secular bull market. i think it's just been consolidating the big run it has had and will eventually go higher. bons i think with the re-election of president obama it pretty much insurances you will have low-inter
we got mixed reports on the economy. tom just talked about that weak data showing businesses contracting. and we're also getting warnings on weak corporate profits. so doesn't this give you pause about buying in this market right now? >> i think, i just got back from two weeks in europe speaking to portfolio managers in seven different countries. they are profoundly underinvestmented in the u.s. the endowment funds in this country are profoundly underinvested in u.s. equities. a lot of...
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Dec 5, 2012
12/12
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FOXNEWSW
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how you strengthen an economy. i will suggest that we talked about how those ways can be used to strengthen the families out there. it has worked pretty well in texas for a decade. jenna: you mention the 40% vote he received for hispanics. what prevented you from getting more? >> i think the hispanic vote transitions to the middle class, in particular in the upper middle class. as they become substantially more financially at ease. they start looking at where is all of my money that i am supposed to be making going? as they make that decision, they want to know who mr. fica is. those individuals are becoming very upwardly mobile from a monetary standpoint. i think that there is a real opportunity for those people to become republicans. jenna: if your premises is correct, and texas should have no problem saying the republican states will follow. i was reading new york magazine about texas, he said without hispanic support, the republican party ceases to exist and republicans will no longer be the majority party of t
how you strengthen an economy. i will suggest that we talked about how those ways can be used to strengthen the families out there. it has worked pretty well in texas for a decade. jenna: you mention the 40% vote he received for hispanics. what prevented you from getting more? >> i think the hispanic vote transitions to the middle class, in particular in the upper middle class. as they become substantially more financially at ease. they start looking at where is all of my money that i am...
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Dec 7, 2012
12/12
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KQED
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won people drop out of the labor force they slow the economy. their productivity is gone, their contributions are no longer there, so this is a different situation we're facing today than we faced i really think since the end of the world war ii. >> brown: before the implication of the fiscal cliff,xplain it because different states have different impact. >> under normal economic times this say program that is governed by state law and administered by the state. and states pay up to 26 weeks of benefits, six months for people who lost jobs through no fault of their own. but if bad economic times historically congress has authorized additional levels of benefits. this time it is a program called the emergency unemployment compensation system. and there are four different tiers depending on how bad your state unemployment rate is every state gets 14 weeks. nine states get up to 47 a decisional weeks. and the rest are in betweenment but you have to be over 9% to get that additional 47 weeks. >> brown: so it is this program that is now caught up in
won people drop out of the labor force they slow the economy. their productivity is gone, their contributions are no longer there, so this is a different situation we're facing today than we faced i really think since the end of the world war ii. >> brown: before the implication of the fiscal cliff,xplain it because different states have different impact. >> under normal economic times this say program that is governed by state law and administered by the state. and states pay up to...
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Nov 29, 2012
11/12
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FBC
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this could be a nice stimulus for the economy. john boehner saying he has seen no substantive progress on the fiscal cliff talks in the last couple weeks. what compromises need to be made? sheila bair, being a former fdic chair, telling us 4 ways wall street can help out and it is not all good news for investors. liz: did you see the cover of the wall street journal? fed stimulus like gillian 2013. we talked about this the second broke yesterday halfway through the 3:00 p.m. show. the man who wrote the article, wall street journal's chief economic correspondent and chief head head to lend us live. dave: before that is of we will tell you what drove the market with the data download. stocks extending yesterday's gains finishing a volatile session higher with the dow, s&p and nasdaq trading above the 200 day moving average for the first time in three weeks. telecom and health care were the top performing sectors. fewer americans filing first-time applications for unemployment benefits as hurricane sandy had the labor market and cont
this could be a nice stimulus for the economy. john boehner saying he has seen no substantive progress on the fiscal cliff talks in the last couple weeks. what compromises need to be made? sheila bair, being a former fdic chair, telling us 4 ways wall street can help out and it is not all good news for investors. liz: did you see the cover of the wall street journal? fed stimulus like gillian 2013. we talked about this the second broke yesterday halfway through the 3:00 p.m. show. the man who...
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Dec 1, 2012
12/12
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we're burning a lot more coal relative to the economy than we are now. there are control freaks out there. there are control freaks, they'll use something to control people and used it for y2k and there are control freaks on the environment. >> have you noticed even in your intro, you heard them citing one scientist. it's never a collection of scientists, never a consensus of scientists, it's always they're referencing of one particular scientists. >> and in fact, it almost is always a consensus of scientists. in this case, one person they were quoting. with all due respect to you, ben, as you like to say, i'll go with the scientists over your opinion on global warming, this is someone who studies it for a living. >> and there are many who have a very different point of view. >> there are a million of people who study it. >> adam, the consensus has not been met among scientists on this issue or that it actually plays a part in the global warming phenomenon they've come up with somehow, so you should probably know that there is not a collective viewpoint.
we're burning a lot more coal relative to the economy than we are now. there are control freaks out there. there are control freaks, they'll use something to control people and used it for y2k and there are control freaks on the environment. >> have you noticed even in your intro, you heard them citing one scientist. it's never a collection of scientists, never a consensus of scientists, it's always they're referencing of one particular scientists. >> and in fact, it almost is...
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the fluctuation certainly correlates with what the economy correlates with what the economy is doing. and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the time... but later, not so much. this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. i tell them dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps diolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. to investing with knowledge. the potential of td ameritrade unlocked. nyse euronext. unlocking the world's potential. to a world of super-connected intelligence. the potential of freescale unlocked. nyse euronext. unlocking the world's potential. go
the fluctuation certainly correlates with what the economy correlates with what the economy is doing. and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the time... but later, not so much. this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. i tell them dentures are very different to real teeth. they're about 10 times softer and may have surface pores...
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Nov 29, 2012
11/12
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FOXNEWSW
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if the economy, does the economy rapidly improve? there are a lot of different factors but by and large people act rationale if they know those stocks going to get hammered, you will pay extra taxes you shy away from the stocks and why warren buffett has the bully puppet, i know he is a billionaire but he is a speculator and a political mouthpiece of the administration and it is tiring listening to this guy like he is the greatest economic mind we have? come on. >>neil: you are going --. >>guest: he hat made his share of mistakes, remember that sleazy deal? >>neil: we say the dividend rate could go to the top, whatever the income rate could be the rate you pay on taxes. the rumble over ronald, the unions going after the fast food powerhouse but why you could be the one getting kicked. we bel, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar tra
if the economy, does the economy rapidly improve? there are a lot of different factors but by and large people act rationale if they know those stocks going to get hammered, you will pay extra taxes you shy away from the stocks and why warren buffett has the bully puppet, i know he is a billionaire but he is a speculator and a political mouthpiece of the administration and it is tiring listening to this guy like he is the greatest economic mind we have? come on. >>neil: you are going --....
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Dec 6, 2012
12/12
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FOXNEWS
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if they bring a deal that is too drastic of a stop it is not going to be good for the economy either. >> the bottom line is they are going through hoops to avoid what is core problematic for their respective party dna. the republicans don't want to raise rates. so they will go through all sorts of hoops to essentially get as much if not more revenue and effectively screwing the red chief and more. they don't wnt to address entitlement spending and even slowing the growth. it would be equated with throwing granny off the cliff. and there in lies the casm. we have to close it. >> we do have to close it. if you are looking at all of these programs, are they even going to reduce the deficit? if they have the combined affect of slowing down the economy, the deficit reduction doesn't take place. they have to be more pro active and they have to get aggressive. but none of these guys understand economics. you are talking about a bunch of lawyers. you are talking about a bunch of people that study political science. you don't have anybody in congress that understands economic and they are foll
if they bring a deal that is too drastic of a stop it is not going to be good for the economy either. >> the bottom line is they are going through hoops to avoid what is core problematic for their respective party dna. the republicans don't want to raise rates. so they will go through all sorts of hoops to essentially get as much if not more revenue and effectively screwing the red chief and more. they don't wnt to address entitlement spending and even slowing the growth. it would be...
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three areas of the economy that tend to do ok in a recession alcohol makeup and sex toys i used to sell a one or two a month maybe three or four now i'm selling my town a week so is sex really the key to financial success to answer this and more i'm joined now by moonlight bunny ranch owner dennis hof and one of his colleagues krista kisses to answer that question more hi there guys and then let's start with you and i know you're not supposed to talk about politics or religion in brothels but today let's make an exception talk about at least the first one i'd like to play a little clip for you from c.m.t. see it and get your thoughts. do you think for lack of better room word things have bottomed and they're getting better or or still along the bottom i have not seen signs of improvement yet know. if i were going to start a brothel today i wouldn't. so in that clip you had a fellow. matter come out to say that she wouldn't encourage anyone to go into this line of business i know that you disagree with us can you explain why well it was she said x. employees who knows but the blue ridge
three areas of the economy that tend to do ok in a recession alcohol makeup and sex toys i used to sell a one or two a month maybe three or four now i'm selling my town a week so is sex really the key to financial success to answer this and more i'm joined now by moonlight bunny ranch owner dennis hof and one of his colleagues krista kisses to answer that question more hi there guys and then let's start with you and i know you're not supposed to talk about politics or religion in brothels but...
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Nov 29, 2012
11/12
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KRCB
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the federal reserve said the economy is growing at a steady pace. the central bank's beige book report out today showed small gains in hiring and consumer spending, but manufacturing activity slowed down. now, in a separate report, new home sales fell slightly in october, down just 0.3% compared to september and below expectations. the median home price was $237,700, lower than a month earlier. and investors were encouraged by news from spain about a deal to clean up its struggling banking sector. the dow gained 107 points, the nasdaq finished higher by 24, the s&p 500 was up 11. john manley is chief equity strategist at wells fargo advantage funds. >> tom: john, you just heard the c.e.o. at honeywell talk about the lack of real hiring plans, partly because of the fiscal cliff. does that concern you as a stock investor? >> it does. i mean, i think the one thing about being a stock investor, you sort of have to buy with uncertainty and sell on certainty. so it is an opportunity, but i'm not sure it is one that has fully unfolded yet. >> tom: so are y
the federal reserve said the economy is growing at a steady pace. the central bank's beige book report out today showed small gains in hiring and consumer spending, but manufacturing activity slowed down. now, in a separate report, new home sales fell slightly in october, down just 0.3% compared to september and below expectations. the median home price was $237,700, lower than a month earlier. and investors were encouraged by news from spain about a deal to clean up its struggling banking...
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Dec 7, 2012
12/12
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CNBC
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but you're right about the economy. the broader economy. because in the aging of the population, and people retiring, the rate of growth in the labor force is going to slow. it already is slowing and the underlying growth rates in the economy are going to be weaker. here's the statistic of the day, the most important. the largest single age group in the country, there are more of these folks than any other age, joe, do you know what that is? do you want to take a guess at it? you may be the largest single age group. how old are you, joe? >> yeah -- >> 55 plus? >> 60 is the new 40, and i'm not 60 yet. i'm not 60 yet. >> time-out! >> tell me. >> it's 53. 53. >> that's around what i am. that's in the ballpark. >> yeah. >> standard deviation. >> so, another ten years from now, you know, we're going to be retiring. i'm actually 53. i represent the largest single age group. >> no, no, that's two words for you. andy rooney, i'm not retiring in ten years. >> okay. all right. >> mike wallace. >> a lot of people will be. a lot of other people will be
but you're right about the economy. the broader economy. because in the aging of the population, and people retiring, the rate of growth in the labor force is going to slow. it already is slowing and the underlying growth rates in the economy are going to be weaker. here's the statistic of the day, the most important. the largest single age group in the country, there are more of these folks than any other age, joe, do you know what that is? do you want to take a guess at it? you may be the...
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Dec 4, 2012
12/12
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FOXNEWSW
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and it is a bigger for the united states economy. the benefit is that each year companies issue benefits for holding the stock and many companies including the most popular will do this and many more, before year's enbecause the dividend tax rate will go from 50 percent and possibly close to triple. so, it makes senator. next year we will have companies that have to pay dividends and pay them to individuals who are taxed at a high are rate. this does not solve a permanent role but a one time give to a shareholder at the end of the years pay less now opposed to more later and when we get to next year we are in an economy that is in a higher tax environment, companies will grow less well if that environment, association whatever cash they have, and they have available to pay out, will be taxed at a high are rate. >>neil: what do you make of the argument we had much higher dividend tax rates in the reagan administration, a good part of the clinton administration, and we did fine. >>guest: it was great to be a world monopoly. a wonderful
and it is a bigger for the united states economy. the benefit is that each year companies issue benefits for holding the stock and many companies including the most popular will do this and many more, before year's enbecause the dividend tax rate will go from 50 percent and possibly close to triple. so, it makes senator. next year we will have companies that have to pay dividends and pay them to individuals who are taxed at a high are rate. this does not solve a permanent role but a one time...
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Nov 30, 2012
11/12
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CSPAN2
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computation is an important part of the economy and culture in that region. the damage to our highways, transit system caused severe congestion stranding new jersey and creating delays for miles. transportation in new jersey has an impact on more than just new jersey residents. sandy affected anyone who rides our rail for drive through our state or uses products. i will be working with this committee to rebuild new jersey's transportation infrastructure to make it stronger and more resilient in addition to our infrastructure in at least two cases. flooding from sandy damage the superfund sites, leading to potential release of toxic pollution into the environment. i have a letter on the way to the epa to conduct a thorough investigation of the storm's impact on sites throughout the region and i am also introducing superfund emergency response requests which requires the epa to perform an assessment of superfund sites following any natural disaster and allows congress to appropriate emergency funding to remediator any damage, also require the epa to come of wit
computation is an important part of the economy and culture in that region. the damage to our highways, transit system caused severe congestion stranding new jersey and creating delays for miles. transportation in new jersey has an impact on more than just new jersey residents. sandy affected anyone who rides our rail for drive through our state or uses products. i will be working with this committee to rebuild new jersey's transportation infrastructure to make it stronger and more resilient in...
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chars: the economy is scary, but this is even scarier. not the zombies, but the government spending taxpayer government spending taxpayer money on 5-hbut some people wondered oveabout caeine.imes. the executive director of the center for science in the public interest said, "overdoing caffeine alone is actually pretty difficult to do. someone would have to make an effort to consume 40 or so 200-mg caffeine tablets." or... about this much 5-hour energy... in a single day. we recommend... not more than two per day. yeah, when we first came out with the product... you know, i made sure of one thing. if my family wasn't going to use it... if it wasn't good enough for my family if it wasn't safe for my family... i'm not gonna put it out there. i take it almost every day. and twicwhen i play tennis. this is our criteria that we have to be safe... if we're notilling to do it ourselves... we're not asking anybody else to do it. we're not gonna sell it. so, that's our approach to safety... that is a higher standard you can get. charles: paying for
chars: the economy is scary, but this is even scarier. not the zombies, but the government spending taxpayer government spending taxpayer money on 5-hbut some people wondered oveabout caeine.imes. the executive director of the center for science in the public interest said, "overdoing caffeine alone is actually pretty difficult to do. someone would have to make an effort to consume 40 or so 200-mg caffeine tablets." or... about this much 5-hour energy... in a single day. we...
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Nov 30, 2012
11/12
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CNBC
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unlike retail reits, it's levered to a sector, health care, that just does fine when the economy goes in recession. look, it's a real possibility if we go off the cliff. plus we have a limited supply of medical office space. this is a nice, steady business. let's take a closer look with scott peters. mr. peters, welcome to "mad money." >> thank you for having me. >> i try all the time to find companies that might be beneficiaries of the affordable health care act. i stumbled on you guys. you're the one? >> we think we are. we've been fortunate. health care systems are now running like businesses. with 30 to 40 million more insured coming up, they need the most affordable location to off those services. those are mobs, they're on campus, and jim, i think over the next 10, 20 years there will be core critical real estate. >> i look at a lot of reits. most of them are in crowded fields. the hotels divvied up, a lot of retail space. this is a $250 billion sector. you seem like you're just scratching the surface. >> $250 billion is the estimated value. they're going to monetize some of the
unlike retail reits, it's levered to a sector, health care, that just does fine when the economy goes in recession. look, it's a real possibility if we go off the cliff. plus we have a limited supply of medical office space. this is a nice, steady business. let's take a closer look with scott peters. mr. peters, welcome to "mad money." >> thank you for having me. >> i try all the time to find companies that might be beneficiaries of the affordable health care act. i...
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economy. cheryl: i can hear the hesitancy in your voice. a lot of our guests are saying the same thing. they are afraid of what washington will do or maybe not do. your outlook is a bit more bullish than some of your colleagues. what are you saying in the second half of 2013 that others are not? >> on a very short-term basis, we have noticed there are a couple of things. the fiscal cliff. we cannot get out of the way of that. if you look at to the second half of 2013 that we can get some resolution, we may not like the total resolution, but if we can, you move past a period of uncertainty. three things have started in 2012 that could accelerate in 2013. housing is key. cheryl: it has done incredibly well this year. >> the second aspect is what is going on with the energy field, in terms of technology and energy less dependence for the u.s. the third factor is what is going on in manufacturing. you can talk about the creation of jobs in the u.s. economy. if you can get the u.s. economy past thi
economy. cheryl: i can hear the hesitancy in your voice. a lot of our guests are saying the same thing. they are afraid of what washington will do or maybe not do. your outlook is a bit more bullish than some of your colleagues. what are you saying in the second half of 2013 that others are not? >> on a very short-term basis, we have noticed there are a couple of things. the fiscal cliff. we cannot get out of the way of that. if you look at to the second half of 2013 that we can get some...